business setup/company formation in india
TRANSCRIPT
Setting Up Business In India
However, before starting any business, certain Basic question will click your mind such as
• What is Foreign Investment Policy? • Where to set up?• What type of organization to be formed?• What is the procedure for setting up?• What are the post set up actions?
• What are continuous essentials for business?
What is Foreign Investment Policy?
Foreign Investment In India
Where To Set Up?
Key Factors for Manufacturing Industry
Key Factors for Service &Trading Industry
What type of organization to be formed?
Options Available
Type of Organization-Company
A company is registered in accordance with the Companies Act and is a separate legal entity, distinct from its shareholders, directors and managers. The liability of the shareholders is limited to the amount paid or unpaid on issued share capital. A company has unlimited life and no limit is placed on the number of shareholders.
Company-Basic Features
Type of Organization-Partnership (Only for NRI)
Partnership is combination of two or more proprietorships, who have agreed to pool their resources for a common objective and with a view to earn profit. Partnerships are established pursuant to partnership deed between the partners and they can be formed for particular time duration or particular project and according to the will of the partners.
Partnership-Basic Feature
Type of Organization-Foreign Office
Any Foreign Company intending to set-up business in India can establish a foreign office in form of Liaison, Branch or Project Office based on the requirement of operations, instead of incorporating a company in India. Foreign Offices are generally preferred when only limited activities are required to be carried on and scale of business operations is not big. Setting up Foreign Offices, gives Foreign Companies an opportunity to observe the India business environment before making full head start.
Foreign Office-Basic Feature
What is the procedure for Setting up business?
Company-Incorporation Procedure
Partnership-Formation Procedure
Foreign Office-Formation Procedure
What are the post business set up actions?
Forming an organization is just a beginning and only half job is done.
In order to carry on business , further actions needs to be taken.
I-Setting up office & infrastructure
II-Opening of Bank Account
III-Obtain Tax Number
IV-Business Specific Approval
In case of certain business, it is necessary to obtain the permission of prescribed regulatory authority before undertaking the said business.
V-Hiring of Manpower
VI-Other Requirements
What are continuous essentials for business?
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